Khaitan & Co advised CBRE Group, Inc. in relation to acquisition of Pearce Services LLC, a leading provider of advanced technical services for digital and power infrastructure, from New Mountain Capital. The initial purchase price is approximately $1.2 billion in cash plus a potential earn-out of up to $115 million, subject to Pearce meeting certain performance thresholds in 2027.
The Firm assisted Sullivan & Cromwell with respect to the due diligence, review of transaction documentation, regulatory advisory, and overall transaction advisory.
The deal was assisted by:
Regulatory aspects: Moin Ladha (Partner)
Employment, Labour and Benefits: Deepak Kumar (Partner) and Archika Dudhwewala (Principal Associate)
Competition / Antitrust: Anisha Chand (Partner), Yatharth V Singh (Senior Associate) and Aujaswi Maken (Associate)
Intellectual Property aspects: Sourav Dan (Counsel) and Vaishali Adhikari (Associate)
The core team consisted of Rabindra Jhunjhunwala (Partner), Ayush Nanda (Counsel), Arun Kumar (Senior Associate) and Alivya Sahay (Associate)